Mahadev Scam: Accused Firm Had Share Purchase Pact with Delta
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Mahadev Scam: Accused Firm Had Share Purchase Pact with Delta

The Enforcement Directorate’s (ED) investigation into the multi-crore Mahadev illegal betting application scam has revealed that one of the accused firms, Ability Games Ltd, entered in to a share purchase agreement with Del ta Corp-a listed company engaged in the casino gaming industry in India, to sell its Nepal-based casino business, court documents reviewed by…

ED ‘Seizes’ ₹35 CR. From Help of Jharkhand Min’s Aide

ED ‘Seizes’ ₹35 CR. From Help of Jharkhand Min’s Aide

The Enforcement Directorate (ED) on Monday said it has seized nearly ₹35 crore of unaccounted cash so far from a person allegedly linked to Jharkhand rural development minister’s  personal  secretary. The recovery followed multiple raids in Ranchi, including the residence of the household help of Sanjiv Lal, who is the personal secretary to Jharkhand rural…

ED Attaches Raj Kundra’s Assets Worth ₹97.8 Crore
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ED Attaches Raj Kundra’s Assets Worth ₹97.8 Crore

The Directorate of Enforcement (ED) Thursday said it has provisionally attached immovable and movable properties worth *97.79 crore belonging to businessman Ripu Sudan Kundra, aka Raj Kundra, un- der provisions of the Prevention of Money Laundering Act (PMLA), 2002. Kundra is the husband of Bollywood actress Shilpa Shetty. The agency said the attached properties include…

Indiabulls HF Seeks Review of SC Order on ED’s Powers
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Indiabulls HF Seeks Review of SC Order on ED’s Powers

Indiabulls Housing Finance has sought a review of the Supreme Court’s February order that allegedly gave wide powers to the Enforcement Directorate to even investigate cases where there exists no scheduled offence under the Prevention of Money Laundering Act (PMLA). A bench led by Justice Surya Kant asked the company to share a copy of…

High Court to ED: Can’t Deny Sleep, Fix Timings to Record statement
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High Court to ED: Can’t Deny Sleep, Fix Timings to Record statement

Denying Sleep to person violates his human rights, the Bombay high court observed on Monday, and told the Enforcement Directorate to provide direction to its officials on the timing for recording statements of people summoned by the agency in money-laundering cases. When summoned under section 50 of the prevention of money laundering Act (PMLA) where…

ED Attaches Trinamool’s ₹10-cr Demand Draft, Names Mamata

ED Attaches Trinamool’s ₹10-cr Demand Draft, Names Mamata

The Enforcement Directorate has provisionally attached a demand draft worth ₹10.29 crore of All India Trinamool Congress (AITC) as part of a money laundering probe into the Alchemist group headed by the party’s former member of Parliament Kanwar Deep Singh. ED has alleged that ₹10.29 crore was paid by Alchemist Airways Pvt Ltd to various…

Forex Violations: ED Searches Premises of Hiranandani Group
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Forex Violations: ED Searches Premises of Hiranandani Group

The Enforcement Directorate (ED) Thursday conducted searches on premises linked to city-based realtor, the Hiranandani Group in connection with alleged forex violations, sources in the know told ET. The agency has registered a case against Niranjan Hiranandani, Darshan Hiranandani and their group entities under certain provisions of the FEMA. The searches are being conducted at…

ED Seeks Look Out Circular Against Byju Raveendran
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ED Seeks Look Out Circular Against Byju Raveendran

The Directorate of Enforcement (ED) has asked the Bureau of Immigration (BOI) to issue a look out circular (LOC) against Byju Raveendran, founder and CEO of the eponymous, embattled edtech company Byju’s, people with knowledge of the matter told ET. The central agency approached BOI earlier this month to issue a fresh LOC to ensure…

ED Tapped RBI for More Info on FX Violations by Those Using Paytm PB
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ED Tapped RBI for More Info on FX Violations by Those Using Paytm PB

The Directorate of Enforcement (ED) sought additional information from the Reserve Bank of India (RBI) less than two months ago, on alleged violation of the Foreign Exchange Management Act (Fema) by individuals and companies using Paytm Payments Bank, people in the know told ЕТ. This was after RBI wrote to ED in the last week…

Startup Founders Write to FM, RBI Guv Seeking Review of Paytm Action
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Startup Founders Write to FM, RBI Guv Seeking Review of Paytm Action

A group of entrepreneurs has written to Reserve Bank of India governor Shaktikanta Das and finance minister Nirmala Sitharaman, urging them to “review” and “reconsider” the regulatory directive asking Paytm’s payments bank unit to shut its key banking services after February 29. The note, signed by startup founders including Policybazaar’s Yashish Dahiya, Bharat Matrimony’s Murugavel…